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Libscomb Technologies' annual sales are $5,069,272 and all sales are made on credit, it purchases $3,151,017 of materials each year (and this is its cost
Libscomb Technologies' annual sales are $5,069,272 and all sales are made on credit, it purchases $3,151,017 of materials each year (and this is its cost of goods sold). Libscomb also has $576,644 of inventory, $518,810 of accounts receivable, and beginning and ending of year $440,670 and $499,440 accounts payables (respectively). Assume a 365 day year.
What is Libscombs Cash Cycle (in days)?
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